AGORACOM Small Cap TV - September 12th - Highlights
posted on
Sep 12, 2011 09:35AM
Good morning to you all. Please find enclosed a summary of the breaking small-cap and micro-cap financial news we highlighted on AGORACOM Small Cap TV this morning. It’s September 12th, 2011, and we’ve found 5 great press releases to report on at the open. Another great day for small-cap and micro-cap financial news. To watch the show live every morning at 9:30 AM, visit our front page.
T3 Motion, Inc. (NYSE AMEX: TTTM)
T3 Motion Expands International Footprint of its Electric Vehicles into Saudi Arabia, Receives Blanket Purchase Order for $1,881,000
T3 Motion, Inc. (NYSE AMEX: TTTM), a producer of clean tech/green tech electric personal mobility vehicles, today announced that Luxury Carts, a Saudi Arabian company, has been selected to exclusively distribute T3 Series Electric Stand-up Vehicles (ESV) in Saudi Arabia. Luxury Carts has a blanket purchase order to purchase multiple T3 ESVs for up to $1,881,000, to supply law enforcement agencies and security companies throughout Saudi Arabia. Luxury Carts may purchase the additional T3 ESVs through August 31, 2012. T3 Motion received the initial order release for T3 ESVs of approximately $231,000.
This agreement further solidifies T3 Motion's presence in the Middle East, with contractual agreements in Qatar, Iraq, Kuwait, Lebanon, Egypt and the UAE. In addition to the Saudi Arabia order, the ministry of interior in Kuwait is expected to release an order for a significant number of T3 ESVs.
T3 Motion, Inc. (AMEX: TTTM) revolutionized the world of personal mobility with the introduction of their flagship electric T3. Headquartered in Orange County, California, T3 Motion, Inc. is dedicated to raising the bar on environmental standards and law enforcement and security capabilities in personal mobility technology. For more information, visit www.t3motion.com
Last Trade: 1.24 52 Week: 9.80 – 0.76 Market Cap: 10.21 Million
American Vanadium Corp. Announces Positive Feasibility Study for Gibellini Vanadium Project
AMERICAN VANADIUM CORP. (TSX VENTURE:AVC)(PINK SHEETS:RMRCF)(FRANKFURT:0UA) is pleased to announce positive Feasibility Study results for its 100% owned Gibellini Vanadium Project, located in Eureka County, Nevada. The Feasibility Study reported an after tax cash flow of $275.7 million, an internal rate of return of 43%, net present value of $170.1 million at a 7% discount rate and a 2.4 year payback on investment from start-up. The Feasibility Study was prepared by AMEC E&C Services, Inc. ("AMEC") of Sparks, Nevada.
All dollar values are expressed in US dollars unless otherwise noted.
Highlights of the Feasibility Study (after tax):
- Internal Rate of Return (IRR) 43%
- Net present value $170.1 million at 7% discount rate
- Payback 2.4 years
- Average grade 0.302% vanadium pentoxide (V2O5)
- Strip ratio 0.22 to 1 (waste:ore)
- Mining Operating Rate 3.5 million tons per year (ore and
waste)
- Average V2O5 recovery 65.9%
- Average annual production 11.4 million pounds V2O5
- Operating cost $4.10 per pound V2O5
- Capital cost $95.5 million (incl. $10.7 million
contingency)
- Average V2O5 selling price $10.95 per pound (Roskill Consulting
Group)
- V2O5 selling price range $7.68 - $13.63 per pound (Roskill
Consulting Group)
About American Vanadium Corp.
American Vanadium is currently developing the Gibellini Vanadium Project, a vanadium resource located in Nevada, USA. Vanadium is a critical alloying metal used to strengthen steel and is also growing in importance in the emerging uses of mass energy storage and next generation lithium-vanadium batteries.
Last; 1.33 Range: 1.95-0.53 Market Cap: 36.3 million
International Northair Mines Ltd. (TSX VENTURE:INM)
International Northair Mines Intersects 58.40 Metres of 82.6 g/t Silver at La Cigarra, Mexico is pleased to announce assay results from three diamond drill holes recently completed in the San Gregorio Zone at its La Cigarra silver project, located in north central Mexico.
Drill Highlights at the San Gregorio Zone:
-- Hole CC-11-026 returning 82.85 metres of 62.8 g/t silver, includes 58.40
metres of 82.6 g/t silver and 12.85 metres of 190.3 g/t silver;
-- Hole CC-11-025 returning 11.55 metres of 80.2 g/t silver, and 10.50
metres of 32.5 g/t silver and 0.189 g/t gold.
-- Hole CC-11-024 returning 82.95 metres of 37.4 g/t silver, includes 6.10
metres of 121.3 g/t silver and 31.55 metres of 44.7 g/t silver.
About the company
The La Cigarra Project is located in State of Chihuahua along the eastern fringes of the Sierra Madre Occidental in Mexico. Local topography is gentle with good road access to the major city of Parral, located 26 kilometres to the south east. The La Cigarra Project hosts a silver-rich, epithermal mineral system with three identified zones along a three kilometre trend.
Last: 0.38 Range: 1.00-0.06 Market Cap: 26.3 million
ANDINA Minerals Inc. (TSX VENTURE:ADM)
Andina Establishes a New Resource at the Ojo de Agua East Area of the Volcan Gold Project
ANDINA Minerals Inc. (TSX VENTURE:ADM) is pleased to report an initial resource estimate from the new Ojo de Agua East ("ODAE") area of the Volcan Gold Project ("Volcan").
The ODAE resource estimate includes indicated resources of 2.71 million tonnes grading 1.55 grams per tonne gold ("g/t Au") for contained gold of 135,000 ounces and inferred resources of 3.43 million tonnes grading 1.53 g/t Au for contained gold of 168,000 ounces, both at a 0.9 g/t Au cut-off grade.
The ODAE deposit is located in Chile's Maricunga Mineral Belt, approximately four kilometres northeast of the proposed process facilities for Volcan and within 1.5 kilometres of the proposed Volcan Heap Leach Pad.
About Andina Minerals Inc.
Andina's primary focus is mining exploration and development in Chile. The Company's flagship development project is the 100%-owned Volcan Gold Project ("Volcan"), strategically located in the prolific Maricunga Gold Belt.
Last: 1.16 Range: 1.94-.1.13 Market Cap: 113 million
Argentex Mining Corporation (TSX VENTURE: ATX)(OTCBB: AGXMF)
Argentex Drills 9.00 Meters of 2.63 g/t Au and 682.8 g/t Ag at Marta Noroeste Vein at Pinguino Project
Argentex Mining Corporation (TSX VENTURE: ATX)(OTCBB: AGXMF)is pleased to release additional drill results from its 2011 exploration program at the Pinguino project, located in the Santa Cruz province of Argentina. The program consisted of 19,704 meters of drilling in 206 holes. To date, the Company has received sample results from 13,943 meters of drilling from 154 holes, with approximately 25 % of holes remaining to be processed in the lab.
From To Interval Gold Silver (ii)Silver Eq
Drill Hole (m) (m) (m)(i) (g/t) (g/t) (g/t)
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PR129-11 31.00 64.00 33.00 0.78 200.9 235.4
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including 51.00 60.00 9.00 2.63 682.8 799.4
About Argentex
Argentex Mining Corporation is an exploration company focused on the discovery of silver, gold and polymetallic deposits on its advanced exploration project portfolio in the Patagonia region of southern Argentina. In total, Argentex owns 100% of the mineral rights to more than 35 properties located within approximately 307,981 acres (124,636 hectares) of highly prospective land located in the Santa Cruz and Rio Negro provinces.
Last: 0.80 Range; 1.69-0.53 Market Cap: 57 million